179 - GameStop, Reddit, and Market Manipulation 2.0
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Description
Reddit and YouTube star, Roaring Kitty, is being accused (again) of market manipulation by the mainstream media because of his role in the 2021 GameStop saga. In this episode, I explain why I strongly disagree with these claims. This is a topic I am very passionate about and I look forward to hearing your thoughts.  If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is.    Today's episode: [00:40] An overview of the topics I will cover in today’s episode.  [01:44] What Reddit and YouTube star, Roaring Kitty, has been accused of (again). [03:13] Why I disagree with the general sentiment towards Roaring Kitty.  [06:02] The cause of the increased value of GameStop shares in January 2021.  [08:15] The timebomb created during the period after GameStop and how Robinhood responded. [11:38] Understanding market manipulation (and why I don’t think this is what Roaring Kitty did).  [17:40] Why I agree with how Robinhood reacted in 2021.  [19:12] Unpacking Gary Gensler’s opinion on Roaring Kitty and GameStop.  [21:19] Why I am so passionate about this topic.  [24:52] Please share your thoughts!   Show links: Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package! I would love to invite you to sign up for my newsletter. If you are interested, please click here.
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